Andhra to Revise Land Prices From February 1, 2025

02 Jan 2025 CW Team

The Andhra Pradesh government has announced a revision of land prices, set to take effect on February 1, 2025. Unlike previous revisions, this update will be based on the prevailing market values in each respective area.

While the land price revisions were initially planned for January 1, the implementation was postponed until February 1 to allow further study of market values in various locations.

In some areas, the government’s proposed land value exceeds the current market price, prompting the first-ever downward revision of land prices in certain regions, according to Revenue Minister Anagani Satya Prasad.

He further mentioned that the government expects to receive a report by January 15, containing recommendations for both upward and downward adjustments in prices based on market conditions. “Land prices are anticipated to increase by 15% to 20%, depending on market trends. A similar reduction is expected in areas where discrepancies exist,” he explained.

The Minister also noted that the government is undertaking a thorough process to set land values through a rational method, unlike previous administrations that applied blanket increases. The Revenue Department has set a target of Rs 9,500 crore for the current financial year and is optimistic about meeting it. In revenue meetings, 1.7 lakh complaints were filed, with 11,000 resolved immediately, and work continues on the remaining issues.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..